Demand increases for 3 BHK Apartments in Cochin

Demand for 3 BHK apartments in Cochin is increasing compared to 2 BHK apartments and flats since most people loves to have an additional bedroom in their apartments. People with bigger families are getting more attracted towards the 3 BHK mainly due to the comfort and extra space offered by having a 3rd bedroom in the apartment.

Why the demand increases for 3 BHK apartments in Cochin

There are many reasons that make people favor 3BHK residential units compared to smaller 2BHK apartments.

Small price difference between 2 BHK and 3 BHK

Price difference between 2 BHK and 3 BHK apartments in Cochin are small and that indeed is a major reason that attracts more people towards choosing a 3 bedroom apartment. People are ready to invest bit more for better facilities and comforts and that is a good decision too.

Increase in purchasing capacity of apartment buyers

The purchasing power of home buyers have definitely improved recently and also the willingness to invest more in residential properties. Cochin have developed beyond being an IT Hub to a better market for industries like manufacturing, communication, transport, service, real estate etc. This growth and development in various fields have brought numerous people from other cities to Cochin and they definitely need space to live. So these people who loves to consider Cochin as their second hometown have contributed a lot to the residential industry of Cochin.

3 BHK luxury apartments as an investment option

Residential apartments was always been a good investment option in a city like Cochin. The consistent income from apartment rentals makes this a good long term investment option with better returns. 3 BHK residential units in prime locations of the city will be a good choice as an investment option and this increases the demand of the bigger apartments.

Which are the prime locations for 3 BHK luxury apartments in Cochin

IT sector contribute to a large part of employment in Cochin and demand for flats and apartments is increasing in locations nearer to the IT hubs like Kakkanad. People working in IT firms prefer living closer to their job locations with better amenities and this increase demand for 3 BHK luxury apartments in Cochin.
Locations with easy connectivity to Kakkanad and to other parts of the Cochin city also have high demand. High traffic in the city makes more people attract towards the places outer city limits like Kalamassery, Vyttila, Edapally etc.
Easy access to major amenities will be the key player in selection of location for flats in Cochin. Introduction of Cochin Metro definitely influenced the residential market by making more and more places favorable as location for luxury apartments since transportation facilities gets improved by this.